The International Monetary Fund (IMF) has predicted Cambodia’s 2020 Gross Domestic Product will contract by -1.7 percent this year in line with a global contraction of -3.0 percent. The reduction in GDP represents an economic downturn the world has not seen since the Great Depression, caused by extreme COVID-19 quarantine measures. If the prediction is […]
Read MoreKUALA LUMPUR, April 16 — Four companies who originally managed to obtain approval from the Ministry of International Trade and Industry (Miti) to operate during the movement control order (MCO) had their permissions revoked for failing to comply with regulations, Datuk Seri Mohamed Azmin Ali revealed today. Without releasing the names of the four companies, […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) delivered on Thursday fresh monetary stimulus outside schedule, pushing down key rates to new record-lows. In a Viber message to reporters, BSP Governor Benjamin Diokno said the central bank slashed its overnight reverse repurchase rate by 50 basis points to 2.75% effective Friday. The rates on […]
Read MoreThe Hanoitimes – Vietnam’s exports rose 7.5% year-on-year to US$63.23 billion in the January-March quarter, and imports reached US$59.49 billion, representing an increase of 3.7%. Vietnam’s trade surplus continued its strong growth to US$3.74 billion in the first quarter (Q1), more than double the surplus of US$1.82 billion recorded in the January-February period and higher than […]
Read MoreA survey by Universiti Teknologi Brunei (UTB) on the usage of Online Education Platform (OEP) during the COVID-19 crisis recommends limiting online teaching and learning time to a maximum of four hours per day. “The Internet data usage for the online lecture based on Microsoft Teams with audio calling and screen sharing scenario is about […]
Read MoreThe cabinet on Wednesday approved cutting the investment and regular budgets in fiscal 2021 by 50% and 25% respectively, a move to mobilise funding to ease the financial burden arising from the pandemic. Narumon Pinyosinwat, a government spokeswoman, said all state agencies are required to revise their fiscal budgets in line with cabinet approval and […]
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Thailand
